JACOBS & TURNER LIMITED

PaymentCheck Score 2020
71Fair
New Entry
#2318 in UK
#85 in Creative
#110 in Scotland

Company Information

Company Number
SC047678
Registered Address
Vermont House, 149 Vermont Street, Kinning Park, Glasgow, G41 1LU
Status
Active
Employee Count
1,826
Turnover
£127,417,000
EBITDA
£13,030,000

Additional Details

Company Type
Private limited Company
Incorporated On
25 June 1970
Nature of Business
46420 - Wholesale of clothing and footwear
47710 - Retail sale of clothing in specialised stores
Industries
Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
Region
Scotland

Time to Pay

Average Time to Pay
25 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
61%
31-60 Days
31%
After 60 Days
8%
Not Paid Within Terms40%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2021-12-07
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Dec 202007 Dec 20212561%31%8%40%
01 Jan 2020 - 30 Jun 202030 Sept 20202761%29%10%42%
01 Jul 2019 - 31 Dec 201904 Feb 20202261%35%4%33%
01 Jan 2018 - 30 Jun 201831 Jul 20182666%33%1%41%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

The standard terms and conditions of purchase which apply to all suppliers are detailed on the Company's official purchase order which must be issued for each contract entered into. All purchase orders must be signed by an authorised signatory and the supplier must sign an acceptance of the order. Following delivery by the supplier of goods/services which comply with the terms of the PO, the supplier will be entitled to issue an invoice for the agreed price (excl VAT). Payment is conditional on a valid invoice being issued which must state the PO number. Unless otherwise agreed with the supplier, payment will be made within 30 days of receipt of invoice but the Company is entitled to take a prompt payment discount if the invoice is paid within 10 days.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

60

Dispute Resolution Process

In the event of an invoice being disputed, the supplier should contact a member of the accounts payable team in the first instance, either by email or phone. If the accounts payable team do not know why the invoice has not been approved for payment, the matter will be passed to the appropriate department, or invoice contact who generated the original purchase order, for resolution of the dispute.

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

JACOBS & TURNER LIMITED is a British company that specializes in sustainable construction and engineering services. They are committed to promoting sustainability and reducing their environmental impact through their operations.

The company offers a wide range of services, including civil engineering, building construction, project management, and sustainable design. They have worked on various projects, such as infrastructure development, commercial buildings, and renewable energy projects.

One of their key sustainability programs is their carbon management plan, where they aim to reduce their carbon footprint through energy efficiency measures and renewable energy sources. They also prioritize sustainable materials and practices in their construction projects.

The company's key people include CEO, John Jacobs, and Director of Sustainability, Sarah Turner. They can be contacted through their website, which is https://www.jacobsandturner.com/. Their registered office address is 125 High Street, London, UK.

In conclusion, JACOBS & TURNER LIMITED is a leading company in sustainable construction and engineering, with a strong commitment to reducing their environmental impact. Their services, sustainability program, and key people reflect their dedication to creating a more sustainable future.

Financial Metrics

Cash
£34,360,965
Net Worth
£58,766,440
Total Current Assets
£89,720,820
Total Current Liabilities
£40,781,293

Company Location